Supplement to the
Strategic Advisers ® Core
Multi-Manager Fund
July 30, 2012
Prospectus

Strategic Advisers Core Multi-Manager Fund is comprised of multiple classes of shares. References to the fund are deemed to include class where applicable. 

MMC-12-01               December 18, 2012
1.935070.101

Supplement to the

Strategic Advisers ® Core Multi-Manager Fund (FLAUX)

A Fund of Fidelity Rutland Square Trust II

STATEMENT OF ADDITIONAL INFORMATION

July 30, 2012

Strategic Advisers Core Multi-Manager Fund is comprised of multiple classes of shares. References to the fund are deemed to include class where applicable. 

MMCB-12-01              December 18, 2012
1.935071.101
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